Marriott Vacations Worldwide Co. (NYSE:VAC) Shares Purchased by Texas Permanent School Fund Corp

Posted by on Jul 24th, 2023

Texas Permanent School Fund Corp grew its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC – Free Report) by 33.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,365 shares of the company’s stock after purchasing an additional 8,603 shares during the period. Texas Permanent School Fund Corp owned approximately 0.09% of Marriott Vacations Worldwide worth $4,634,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of VAC. Rockefeller Capital Management L.P. increased its stake in Marriott Vacations Worldwide by 56.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 204 shares of the company’s stock worth $27,000 after purchasing an additional 74 shares in the last quarter. AE Wealth Management LLC grew its stake in Marriott Vacations Worldwide by 4.7% during the 1st quarter. AE Wealth Management LLC now owns 1,661 shares of the company’s stock valued at $224,000 after acquiring an additional 74 shares in the last quarter. Fifth Third Bancorp grew its stake in Marriott Vacations Worldwide by 2.4% during the 1st quarter. Fifth Third Bancorp now owns 3,454 shares of the company’s stock valued at $466,000 after acquiring an additional 80 shares in the last quarter. Ethic Inc. grew its stake in Marriott Vacations Worldwide by 3.7% during the 1st quarter. Ethic Inc. now owns 2,779 shares of the company’s stock valued at $438,000 after acquiring an additional 100 shares in the last quarter. Finally, Raymond James & Associates grew its stake in Marriott Vacations Worldwide by 6.0% during the 1st quarter. Raymond James & Associates now owns 2,004 shares of the company’s stock valued at $316,000 after acquiring an additional 113 shares in the last quarter. 83.91% of the stock is owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Stock Down 1.3 %

Shares of Marriott Vacations Worldwide stock opened at $130.77 on Monday. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of 13.57, a P/E/G ratio of 2.00 and a beta of 2.00. The company has a debt-to-equity ratio of 2.04, a current ratio of 3.18 and a quick ratio of 2.61. Marriott Vacations Worldwide Co. has a 52-week low of $117.85 and a 52-week high of $165.85. The stock has a 50-day simple moving average of $126.71 and a 200-day simple moving average of $137.80.

Marriott Vacations Worldwide (NYSE:VAC – Get Free Report) last announced its quarterly earnings results on Wednesday, May 3rd. The company reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.70. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. Marriott Vacations Worldwide had a return on equity of 18.78% and a net margin of 8.80%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.70 EPS. On average, equities research analysts expect that Marriott Vacations Worldwide Co. will post 11.04 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 8th. Investors of record on Thursday, May 25th were issued a $0.72 dividend. The ex-dividend date of this dividend was Wednesday, May 24th. This represents a $2.88 annualized dividend and a yield of 2.20%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is currently 29.88%.

Wall Street Analyst Weigh In

VAC has been the topic of several research analyst reports. StockNews.com initiated coverage on Marriott Vacations Worldwide in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Truist Financial lowered their target price on Marriott Vacations Worldwide from $223.00 to $219.00 in a research note on Tuesday, May 16th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Marriott Vacations Worldwide has an average rating of “Moderate Buy” and an average target price of $191.67.

About Marriott Vacations Worldwide

(Free Report)

Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related products. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management. The company manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, Hyatt Residence Club, and Marriott Vacation Club Pulse brands.

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Institutional Ownership by Quarter for Marriott Vacations Worldwide (NYSE:VAC)

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